Pancoast v. Travelers Insurance

Franklin, C.

— Jonathan Pancoast obtained a loan of four thousand dollars from the Travelers Insurance Company, on the 6th day of February, 1875, for 'which he executed a note to said Insurance Company, payable five years after said date, and ten interest notes for two hundred dollars each, falling due semi-annually thereafter, with ten per cent, interest after maturity. And to secure the payment of said notes he mortgaged to said Insurance Company certain lands therein de-r scribed.

The interest notes payable in six, twelve and eighteen months, were paid. And, at the time the complaint in this…